Triangle Tire announced that it will build a new $580 million manufacturing facility in Edgecombe County in North Carolina. The plant is its first-ever manufacturing center outside of China and will eventually employ up to 800 people when fully operational.
It will be a two-phased project — a passenger tire facility as phase I and a commercial tire facility as phase II. The company expects to complete both phases by 2023. Once both facilities reach production capacity, Triangle expects to produce six million tires annually in North Carolina.
“Triangle Tire’s establishment in North Carolina is the largest manufacturing investment in a rural county to date,” said Governor Roy Cooper. “This is Triangle Tire’s first manufacturing investment outside of China, and while they could have gone anywhere, they picked North Carolina due to our unmatched workforce, robust infrastructure capabilities and our best-in-the-nation business climate.”
Governor Cooper added, “Triangle Tire’s priorities are research and development, precision and cutting-edge technologies. These are the jobs of tomorrow, and our workforce here must be up to the task. And I know we are.”
“This significant investment will play a key role in Triangle Tire’s growth strategy worldwide and represents a strong commitment to our customers in North America,” said Chairman Ding. “We want to thank Governor Cooper and his team for all of their work in making this happen. We are excited to be coming to Edgecombe County!”
“Triangle Tyre is bringing a state-of-the-art manufacturing facility to Kingsboro, North Carolina, giving the region and our entire state a new and highly advanced manufacturing capacity the likes of which we haven’t yet seen in North Carolina,” said North Carolina Commerce Secretary Anthony M. Copeland. “These are quality, efficient, well-paying jobs that require specific skills, and our communities are ready to support people who want the training required to get these jobs.”
The Triangle Group and Triangle Tyre Chairman Ding Yuhua said the megasite’s strategic location, quality of the local work force, and the warm welcome from state and local officials were all factors in the company choosing North Carolina after a comprehensive search for potential sites.
“The more I learn about North Carolina, the more strongly I feel that North Carolina is the right choice for Triangle,” Chairman Ding said. “In addition to its strategic location which provides cost-effective transportation, the citizens of North Carolina are diligent and enthusiastic. The state has a large working age population, healthy economic development environment and well-established education system.”
The plant will be located on the 1,449-acre Kingsboro Megasite which is strategically located in the heart of the eastern seaboard, just off US Highway 64, and 10 minutes east of Interstate I-95. Raleigh is only one hour to the west. CSX Transportation provides rail service to the area and is adjacent to the site.
“We expect that this will provide a huge boost in brand awareness and interest in our products as we continue to expand our presence in the U.S.,” said Manny Cicero, CEO of Triangle Tire USA.